Replies to post #1585 on Invesco QQQ Trust Series 1 (QQQ)

[royg1927]

Farooq, hi

"Things can remain over bought and evaporate lots of premium,"

Certainly.

I make no big recommendation for this trade, as late in the cycle as it is. I'm not betting a big portion of my port, less than 10%.

I'm also on OIH May 200 puts, now green to the tune of +27%.

Out of here for an hour or so.

[royg1927]

Farooq, QQQQ

When/if CCI144 on the 5-minute retreats to around 200 and RSI back to 70ish, I likely will try puts again today, depending on the premium at that point.

Maybe strike 51.

Premium on strike 50 has increased to .30 or so, up from .20 early in the session.